This past week, SEID members and collaborators Tiago Wright, MBA ’12, Rachel Chung, MBA ’12, Reka Horvath, MBA ’12; Kira Intrator, a Course 4 student; and Pallavi Chaube, significant other of Anand Dass, MBA ’12 were recognized for their contribution to Assured Labor. The company “enables job seekers in emerging markets to find jobs using their cell phones”, as the article states. The SEID team explored Assured Labor’s options for new country expansion. David Reich, co-founder of Assured Labor, notes in the article (published on the MIT News site):
“The students presented their findings to David at the end of the fall semester. He commented, “Our SEID team was great. It was invigorating working with five highly driven people. Given the demands of the Core, I was impressed with the quality work they produced and their enthusiasm for our business. Our team will absolutely implement some of their ideas. The team’s work provided a great perspective on what we’re in for and how we should approach these new markets.”
The SEID team, adding value to Assured Labor and photos
The full article can be found here.
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Every year, SEID fosters productive collaborations between MIT Sloan students and new ventures in emerging markets as part of our action learning projects. Teams of 3-4 MBA students spend the fall semester working with these organizations to solve important str
ategic challenges they are facing. In the spirit of the MIT motto, Mens et Manus, MBA students get an amazing opportunity to apply the theories from the classroom to have real impact on the ground.
This year, SEID has organized 8 projects for MBA students to immerse themselves in. Each project is an entrepreneurial venture with operations on the ground in a developing country. Our projects are spread throughout the world in Tanzania, Iraq, Ghana, India, Liberia and Nicaragua and cut across a whole range of industries.
Founded in 2008 byMIT Sloan alumni and a product of NextLab and Development Ventures at the MIT Media Lab , Assured Labor enables mid-to-low wage workers in emerging markets to connect with job opportunities using their mobile phones. The disruptive service drives efficiency and transparency into labor markets around the world. The service, named EmpleoListo, is currently running in Latin America in partnership with the regions largest wireless carrier. The management team consists of mobile, media, software, marketing, labor policy and start-up experts from MIT and Harvard. The venture backed company launched its Latin American brand EmpleoListo.com in the Fall of 2009.
Having already established themselves in Nicaragua and currently expanding in Mexio, the company recently raised a Series A round in April 2010 from multiple prestigious angel investors (including the former CEO of skype and CEO of OLX.com) and two venture funds (Nexus Venture Partners and Kima Ventures).